HomeMy WebLinkAbout0228_0007PROPOSITION NO. 1
Shall the City Council of said City be authorized
to issue the bonds of said City, in one or more series
or issues, in the aggregate principal amount of
$10,200,000, with the bonds of each such series or
issue, respectively, to mature serially within not to
exceed 40 years from their date, and to be sold at such
prices and bear interest at such rates as shall be
determined within the discretion of the City Council,
for the purpose of improving and extending the City's
Waterworks System; to -wit: Water Treatment Plant and
Transmission Lines, with said bonds to be secured by
and payable from a lien on and pledge of the Net
Revenues of said City's Waterworks, Sewer and Electric
System?
PROPOSITION NO. 2
ShalltheCity Council of said City be authorized
to issue the bonds of said City, in one or more series
or issues, in the aggregate principal amount of
$800,000, with the bonds of each such series or issue,
respectively, to mature serially within not to exceed
40 years from their date, and to be sold at such prices
and bear interest at such rates as shall be determined
within the discretion of the City Council, for the
purpose of improving and extending the City's Sewer
System, with said bonds to be secured by and payable
from a lien on and pledge of the Net Revenues of said
City's Waterworks, Sewer and Electric System?
PROPOSITION NO. 3
Shall the City Council of said City be authorized
to issue the bonds of said City, in one or more series
or issues,- in the aggregate principal amount of
$1,000,000 with the bonds of each such series or issue,
respectively, to mature serially within not to exceed
40 years from their date, and to be sold at such prices
and bear interest at such rates as shall be determined
within the discretion of the City Council, for the
purpose of constructing and improving the City's
streets and drainage in connection therewith, and shall
said City Council be authorized to levy and cause to be
assessed and collected annual ad valorem taxes in an
amount sufficient to pay the annual interest on said
bonds and provide a sinking fund to pay said bonds at
maturity?
PROPOSITION NO. 4
Shall the City Council of said City be authorized
to issue the bonds of said City, in one or more series
or -issues, in the aggregate principal amount of
$535,000 with the bonds of each such series or issue,
respectively, to mature serially within not to exceed
40 years from their date, and to be sold at such prices
- and bear interest at such rates as shall be determined
within the discretion of the City Council, for the
_purpose of renovating a Fire Station and permanently
equipping same, and shall said City Council be author-
ized to levy and cause to be assessed and collected
annual ad valorem taxes in an amount sufficient to pay
the annual interest on said bonds and provide a sinking
fund to pay said bonds at maturity?
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